Mortgage rates were distinctly mixed today, with some lenders clearly moving higher while others were effectively unchanged. The deciding factor is both simple and obvious. It has to do with Friday's wild action in the bond market (following the Flynn/Russia news in the morning). That market movement resulted in a handful of lenders reissuing lower rates on Friday afternoon. Those lenders had to move rates back up today because underlying bond markets weren't able to maintain the improvements that resulted in the better rate sheets. Lenders who didn't adjust rates on Friday ended up being in fairly ideal territory for today's bond trading range and thus didn't need to make noticeable adjustments. As for the forces underlying the pull-back in bonds, the Senate's passage of its tax bill likely

December 4, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.02%   6.11% 7.26% 15 Yr. Fixed 5.72% +0.02%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Dec 4, 2017 Mortgage Rates Steady to Higher, Depending on Lender Mon, Dec 4, 2017 4:17PM Mortgage rates were distinctly mixed today, with some lenders clearly moving higher while others were effectively unchanged. The deciding factor is both simple and obvious. It has to do with Friday's wild action in the bond market (following the Flynn/Russia news in the morning). That market movement resulted in a handful of lenders reissuing lower rates on Friday afternoon. Those lenders had to move rates back up today because underlying bond markets weren't able to maintain the improvements that resulted in the better rate sheets. Lenders who didn't adjust rates on Friday ended up being in f... (read more) Mortgage Rates Recover After Flynn Headlines Fri, Dec 1, 2017 3:33PM Mortgage rates were at their highest levels in roughly 1 month as of yesterday afternoon. That ran counter to many of the mortgage rate news stories that came out throughout the day due to said stories using Freddie Mac's Primary Mortgage Market Survey as source material (a longstanding survey that accurately tracks rates over time, but often fails to account for near-term volatility). Accounting for near-term volatility is tricky business for mortgage lenders this week--especially over the past 3 days. Wednesday and Thursday saw rates spike quickly higher as the Senate's version of the tax bi... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.02 0.00 15 Yr. Fixed 5.72% +0.02 0.00 30 Yr. FHA 6.00% +0.03 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.65% +0.02 0.00 30 Yr. VA 6.01% +0.02 0.00 Updates Daily - Last Update: 9/12 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.5 101.13 +0.02   97.47 101.61 UMBS 30YR 6.0 102.40 0.00   99.66 102.50 10 YR Treasury 4.066 +0.040   3.621 4.780 MBS Live Day Ahead: Bonds Defensive as Tax Bill 2 Week Countdown Begins Mon, Dec 4, 2017 9:48AM As expected, the Senate passed its version of the tax bill on Friday evening (the passage being the expected part, not the timing).  Also as expected, bond markets had some extra selling to do based on the confirmation.  Counting up the p... (read more) MBS Live Recap: Tax Bill Overshadowed by Flynn Headlines Fri, Dec 1, 2017 7:49PM After a day of diffuse inspiration from several competing market movers yesterday, we ended up with far more focus today.  That wasn't readily apparent at first, because it took some time for today's superstar to arrive.  Once it did, it was clear where the spotlight was to be pointed. As transfixed as markets may have been by the tax bill dram... (read more) MBS Price Change UMBS 5.0 99.63 +0.06 UMBS 5.5 101.13 +0.02 UMBS 6.0 102.40 0.00 GNMA 5.0 100.00 -0.08 GNMA 5.5 101.13 -0.08 GNMA 6.0 102.01 -0.04 Pricing as of: 9/13 5:22AM EST US Treasury Yield Change 2 YR Treasury 3.553 +0.009 5 YR Treasury 3.630 +0.027 7 YR Treasury 3.816 +0.038 10 YR Treasury 4.066 +0.040 30 YR Treasury 4.681 +0.023 Pricing as of: 9/13 5:22AM EST Other News Tax Bill Housing Impact Worse than You Thought (Maybe) Mon, Dec 4, 2017 9:51AM Black Knight, (which has just rebranded itself, dropping "Financial Services from its name), has released an especially meaty Mortgage Monitor for December. Of particular interest following the weekend in which the Senate passed its tax reduction bill on a totally partisan basis, is Black Knight's assessment of the potential impact of the House and the Senat... (read more) Tax Proposals; Upcoming Events; G-Rate/Bemortgage Hiring Lawsuit Mon, Dec 4, 2017 9:20AM Lenders in the Courts In yet again another lesson about not putting all your retirement money in one basket (think WAMU, Countrywide, Nat City...), Walter Investment Management Corp. filed a Chapter 11 bankruptcy plan designed to reduce its corporate debt by $800 million over time. It has become a penny stock: Friday it was trading around 35 cents a share. I... (read more) Latest Video Here are the big differences in the House and Senate versions of the tax bi... Billionaire political activist Tom Steyer rips GOP tax plan Markets see major rotations as tax reform fuels rally Around the Web Calculated Risk Blog Q4 GDP Forecasts CNBC Year-end moves for homeowners looking to get ahead of tax reform Bloomberg Trump to Meet With Democrats, GOP Thursday for Budget Talks NAR - Realtor.com How Well Do You Know Real Estate? Time to Find Out Freddie Mac Freddie Mac Statement on Single Security Initiative and Common Securitization Platform Calculated Risk Blog Update: Framing Lumber Prices Up Sharply Year-over-year Freddie Mac Freddie Mac Prices $1.1 Billion Multifamily K-Deal, K-070 PR Newswire Ag Workers Impacted By Fire Receive Housing Support consumerfinancemonitor.com English to seek preliminary injunction in CFPB Acting Director dispute CNBC Here are the tax plan differences the House and Senate still need to figure out CNN How the financial crisis affected Millennials, 10 years later Reuters Fed rate hike expected next week, three hikes expected in 2018: Reuters poll CNBC California becomes ground zero in the US's affordable housing crunch and gentrification debate

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